Starting a business in Montenegro

Legal Forms of Companies

Limited Liability Company (LLC/d.o.o)

Number of partners: Minimum: 1 person with a maximum of 30
Capital (max/min): EUR 1
Shareholders and liability: Liability limited to the capital contributed

Joint Stock Company (JSC/a.d.)

Number of partners: Minimum of one person
Capital (max/min): EUR 25,000
Shareholders and liability: Unlimited liability

General Partnership (GP/o.d.)

Number of partners: Minimum: 2 partners
Capital (max/min): No minimum capital requirement
Shareholders and liability: General partners are personally liable, with no limitation, for the company's debts and obligations

Limited Partnership (LP/k.d.)

Number of partners: Minimum: 2 partners
Capital (max/min): No minimum capital requirement
Shareholders and liability: General partners are personally liable, with no limitation, for the company's debts and obligations; whereas silent partners are liable to the extent of their contributions

Sole trader

Number of partners: Only one
Capital (max/min): No minimum capital requirement
Shareholders and liability: Unlimited liability

Business Setup Procedures

Source: Doing Business - Latest available data.